Global Agricultural Drones Market 2024-2028

Global Agricultural Drones Market 2024-2028

The agricultural drones market is forecasted to grow by USD 10,547 mn during 2023-2028, accelerating at a CAGR of 32.42% during the forecast period. The report on the agricultural drones market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rise in funding for UAV manufacturers, growing popularity of precision agriculture, and global rise in agricultural production.

Technavio's agricultural drones market is segmented as below:

By Component

• Hardware
• Software
• Services

By Product

• Multi-rotor
• Fixed-wing
• Hybrid

By Geographical Landscape

• North America
• Europe
• APAC
• South America
• Middle East and Africa

This study identifies the introduction of new agricultural drones as one of the prime reasons driving the agricultural drones market growth during the next few years. Also, growing popularity of drones integrated with normalized difference vegetation index (NDVI) and use of different types of cameras in drones for precision agriculture will lead to sizable demand in the market.

The report on the agricultural drones market covers the following areas:

• Agricultural drones market sizing
• Agricultural drones market forecast
• Agricultural drones market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading agricultural drones market vendors that include Aeronavics, AeroVironment Inc., AgEagle Aerial Systems Inc., DELAIR SAS, DRONE VOLT, FlyGuys, Harris Aerial, ideaForge Technologies Pvt. Ltd., Kray Technologies, Nextech, Parrot Drones SAS, PrecisionHawk Inc., Sentera Inc., Shenzhen GC electronics Co. Ltd, Skyfront, SZ DJI Technology Co. Ltd., and Vision Aerial Inc.. Also, the agricultural drones market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.